BTC has seen rosy seasons this year as it kept reaching those milestones casually -- first, hitting the elusive 6-digit mark at 100k, then reaching its parabolic high at 126500. When things are looking up, and the whole market is in EUPHORIA and buyouts are way extended, a perfect storm has brewed so-to speak. The expected turn has transpired -- correct with so much weight. In a way, this is just part of the process of healthy sustainance to the trend, and such scenarios needed to play out to preserve the balance of price and trend.
If you notice on our diagram, the proportional time-based behavior of such events playing out with close-to-accuracy is quite amusing. Usually, BTC plays around the 217-day time based differentials between corrective season and bull seasons. This is no way to advocate that the chart above is very accurate and that the predictive nature is constant and correct, it just means we can be guided by such data from the past events as we move forward..
Now, based on the current metrics we have, BTC is now basing at the current price zone after tapping its lows at 103k area. This basing area is already hinting of a prep work of a reversal as precursor of its ascend trajectory narrative.
From these data, we can now be guided by the directional context of this asset as we proceed further.
Ideal positioning is at the current zone, (lows at 103k).
Mid Target is now at 160k.
Long term target 200k.
Trade safely always.
TAYOR.
If you notice on our diagram, the proportional time-based behavior of such events playing out with close-to-accuracy is quite amusing. Usually, BTC plays around the 217-day time based differentials between corrective season and bull seasons. This is no way to advocate that the chart above is very accurate and that the predictive nature is constant and correct, it just means we can be guided by such data from the past events as we move forward..
Now, based on the current metrics we have, BTC is now basing at the current price zone after tapping its lows at 103k area. This basing area is already hinting of a prep work of a reversal as precursor of its ascend trajectory narrative.
From these data, we can now be guided by the directional context of this asset as we proceed further.
Ideal positioning is at the current zone, (lows at 103k).
Mid Target is now at 160k.
Long term target 200k.
Trade safely always.
TAYOR.
Trade active
BTC 3 year bull cycle... hibernation period now.. after this period, 200k is the next target... please review for reference. Rare seeding season we are in now! This only comes every 3 years. So you know this is very very special.Current btc price is now at 106k
Target for this new cycle is 200k ultra long term.
Note
USDT.D reverse metrics hinting of intensifying accumulation at the current zone. Consistent higher lows has been created -- inching closer to a monster triangle break. Last time to load up around this zone -- after break, all skies. current price: 110k.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.